AN INNOVATIVE MODEL FOR FORMING FINANCIAL LITERACY: AN INNOVATIVE MODEL FOR FORMING FINANCIAL LITERACY

Denitsa Zagorcheva-Koycheva

doi:10.46687/jsar.v29i1.465

Authors

Denitsa Zagorcheva-Koycheva DEPARTMENT OF PEDAGOGY AND EDUCATIONAL MANAGEMENT, FACULTY OF PEDAGOGY, KONSTANTIN PRESLAVSKY UNIVERSITY OF SHUMEN, SHUMEN 9712, 115, UNIVERSITETSKA STR., E-MAIL: d.zagorcheva@shu.bg

DOI:

https://doi.org/10.46687/jsar.v29i1.465

Keywords:

Financial literacy, Early financial literacy, Financial literacy model, Upbringing and training, Importance of money, Educational management, Cognitive development

Abstract

This scientific article presents an innovative model for the formation of financial literacy. The model is based on cognitive development, focusing on the contact environment with which children/individuals of different age groups interact. The model presents the understanding of money as a personal value, which should be formed in the relevant age range. Financial literacy, through upbringing and training, should be built on the basis of the cognitive development and mental capabilities of children and adults.

Author Biography

Denitsa Zagorcheva-Koycheva, DEPARTMENT OF PEDAGOGY AND EDUCATIONAL MANAGEMENT, FACULTY OF PEDAGOGY, KONSTANTIN PRESLAVSKY UNIVERSITY OF SHUMEN, SHUMEN 9712, 115, UNIVERSITETSKA STR., E-MAIL: d.zagorcheva@shu.bg

DEPARTMENT OF PEDAGOGY AND EDUCATIONAL MANAGEMENT, FACULTY OF PEDAGOGY, KONSTANTIN PRESLAVSKY UNIVERSITY OF SHUMEN, SHUMEN 9712, 115, UNIVERSITETSKA STR., E-MAIL: d.zagorcheva@shu.bg

References

DG Market invitation to tender, MARKT/2006/26/H, Annex 1.

Jelley, H. (1958) A Measurement and Interpretation of Money Management Understandings of TwelfthGrade Students, University Microfilms, 1 – 281.

National Strategy for Financial Literacy of the Republic of Bulgaria, adopted by Decision No. 109 of the Council of Ministers of 12.02.2021.

OECD (2005) Recommendation on Principles and Good Practices for Financial Education and Awareness, OESD, www.oecd.org/finance/financial-education/35108560.pdf.

Zagorcheva, D., A model for forming financial literacy as a key competence for the development of education, UI „Episkop Konstantin Preslavski“, Shumen, 2022, ISBN: 978-619-201-638-8, е-ISBN: 978-619-201-666-1 , p.1 – 164, https://zagorcheva.com/?page_id=41.

Zagorcheva, D., Financial literacy for children and students, Collection of scientific papers from a scientific conference with international participation "Economic Sciences and Sustainable Education" 2024, UI „Episkop Konstantin Preslavski”, ISBN 978-619-201-794-1, p. 19 – 24.

AN INNOVATIVE MODEL FOR FORMING FINANCIAL LITERACY